Community Foundation For Southeast Michigan

Organization Overview

Community Foundation For Southeast Michigan is located in Detroit, MI. The organization was established in 1984. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation For Southeast Michigan employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Southeast Michigan is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Community Foundation For Southeast Michigan generated $250.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $95.2m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Community Foundation For Southeast Michigan has awarded 3,077 individual grants totaling $150,345,135. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE THE QUALITY OF LIFE IN SOUTHEAST MICHIGAN. WE PROMOTE AND FACILITATE PERMANENT POSITIVE CHANGE THROUGH THOUGHTFUL PHILANTHROPY, AND WE HELP DONORS INVEST IN ORGANIZATIONS THEY CARE ABOUT NATIONWIDE.

Describe the Organization's Program Activity:

THE NEW ECONOMY INITIATIVE (NEI) WAS DEVELOPED BY THE COMMUNITY FOUNDATIONS WITH FUNDING FROM MULTIPLE NATIONAL AND LOCAL FOUNDATIONS. NEI IS WORKING TO DIVERSIFY THE REGIONAL ECONOMY OF SOUTHEAST MICHIGAN AND STIMULATE ENTREPRENEURIAL DEVELOPMENT. IN 2021, NEI FUNDED GRANTS AND OTHER IMPORTANT WORK TOTALING MORE THAN $6 MILLION. NEI PRIMARILY CONCENTRATES ON BUILDING A NETWORK OF SUPPORT FOR ENTREPRENEURS. GRANTS SUPPORT THE NONPROFIT SERVICE PROVIDERS FROM THOSE PROVIDING TECHNICAL ASSISTANCE LIKE BUSINESS PLANNING AND CONCEPT-TESTING TO THOSE PROVIDING CAPITAL AND BEYOND WHO HELP BUSINESSES GROW AND THRIVE. IN ADDITION, NEI PROVIDES SUPPORT TO HELP THESE NETWORKS OF SERVICE PROVIDERS CONNECT BETTER TO EACH OTHER AND THE PEOPLE THEY SERVE. THE GOAL IS TO GROW NEW COMPANIES AND NEW JOBS, AND TO ENCOURAGE ADDITIONAL DOLLARS OF INVESTMENT IN THE REGION. ULTIMATELY, THAT MEANS BUILDING A MORE DIVERSE ECONOMY WHERE JOBS AND PROSPERITY ARE AVAILABLE FOR ALL.


THE MICHIGAN JUSTICE FUND (MJF) IS A FUNDERS' COLLABORATIVE THAT MAKES INVESTMENTS TO STEM THE FLOW OF INDIVIDUALS INTO THE CRIMINAL JUSTICE SYSTEM, SUPPORT THE INVESTMENT OF PUBLIC DOLLARS TO COMMUNITY-DRIVEN ALTERNATIVES TO INCARCERATION, AND ENSURE THAT THOSE WHO ARE RETURNING HOME AFTER INCARCERATION RECEIVE THE SUPPORT THEY NEED TO FLOURISH. THE MICHIGAN JUSTICE FUND IS COMPRISED OF MICHIGAN-BASED AND NATIONAL FUNDERS DEDICATED TO ADVANCING JUSTICE REFORM AND THE ECONOMIC MOBILITY OF INDIVIDUALS WITH CRIMINAL CONVICTIONS IN MICHIGAN. IN 2021, MJF FUNDED $4.2MM IN GRANTS TO NONPROFIT ORGANIZATIONS THAT SUPPORT JUSTICE REFORM.


IN ADDITION TO IMPACTING THE LIVES OF INDIVIDUALS AND FAMILIES, THE COVID-19 PUBLIC HEALTH EMERGENCY IS CAUSING DISRUPTIONIN THE NEAR AND LONG TERMTO A WIDE RANGE OF NONPROFIT ORGANIZATIONS THAT ARE SO VITAL TO THE QUALITY OF LIFE IN OUR REGION. IN RESPONSE, THE COMMUNITY FOUNDATION JOINED FORCES WITH MANY DONORS AND FOUNDATIONS TO MOBILIZE SUPPORT FOR COVID-19 RESPONSE IN HEALTHCARE, ARTS AND CULTURE, AND SMALL BUSINESS DEVELOPMENT. IN 2021, COVID-SPECIFIC GRANTS TOTALED $3.2 MILLION.


THROUGH ITS GRANTMAKING, THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN SEEKS TO BUILD A STRONGER, MORE COMPETITIVE REGION BY ENCOURAGING REGIONAL THINKING AND COOPERATION, FOSTERING INNOVATION AND CREATIVE SOLUTIONS, AND LEVERAGING ADDITIONAL RESOURCES FOR AREA ORGANIZATIONS AND COMMUNITIES. SCHEDULE I LISTS ORGANIZATIONS SUPPORTED AND GRANTS AWARDED IN 2021.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Monroe Capital
Investment Manager
$630,086
Glouston Capital Partners
Investment Manager
$541,736
Aberdeen
Investment Manager
$351,298
Hardman Johnston Global Advisory
Investment Manager
$333,105
Pimco
Investment Manager
$326,898
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$131,569
Government grants $2,555,769
All other contributions, gifts, grants, and similar amounts not included above$196,057,621
Noncash contributions included in lines 1a–1f $12,892,684
Total Revenue from Contributions, Gifts, Grants & Similar$198,744,959
Total Program Service Revenue$697,352
Investment income $14,882,777
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $36,617,453
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $250,946,101

Grants Awarded

Over the last fiscal year, Community Foundation For Southeast Michigan has awarded $72,639,446 in support to 1,391 organizations.

Grant RecipientAmount

INVEST DETROIT FOUNDATION

Org PageRecipient Profile

Detroit, MI

PURPOSE: HOSTING THE NETWORK DIRECTOR OFFICE FOR THE INCLUSIVE SMALL BUSINESS SUPPORT NETWORK FUND

$2,500,000

DETROIT REGIONAL PARTNERSHIP FOUNDATION

Org PageRecipient Profile

Detroit, MI

PURPOSE: ECONOMIC DEVELOPMENT ACTIVITIES

$2,300,050

JEWISH FEDERATION OF METROPOLITAN DETROIT

Org PageRecipient Profile

Bloomfield Hills, MI

PURPOSE: GENERAL OPERATIONS

$2,300,000

JEWISH FEDERATION OF METROPOLITAN DETROIT

Org PageRecipient Profile

Bloomfield Hills, MI

PURPOSE: GENERAL OPERATIONS

$2,000,000

AVE MARIA UNIVERSITY INC

Org PageRecipient Profile

Ave Maria, FL

PURPOSE: CHANCELLOR DISCRETIONARY FUND

$1,007,774

PROSPERUS DETROIT MICRO LENDING

PURPOSE: PROJECT MANAGEMENT AND TECHNICAL ASSISTANCE FOR THE ANCHOR BUSINESS PROGRAM

$825,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Community Foundation For Southeast Michigan has recieved totaling $88,500.

Awarding OrganizationAmount
Roundtable Strategies

Mt Clemens, MI

PURPOSE: GENERAL FUND ASSISTANCE

$63,500
Elaine And Leo Stern Foundation

Southfield, MI

PURPOSE: GENERAL CHARITABLE SUPPORT IN THE NAME OF THE ELAINE AND LEO STERN FOUNDATION FUND OF THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$674,118,403
Earnings$84,476,741
Admin Expense$4,091,547
Net Contributions$34,556,851
Grants$22,128,616
Ending Balance$766,931,832

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